AVERAGE PROPERTY VALUES
* Overall average property value was £195,047
* The average value of a property for a First Time Buyer (FTB) was £162,478
* Users looking to remortgage valued their property at an average of £231,879
* Existing homeowners looking to purchase a property could expect to pay around an average value of £234,574
AVERAGE MORTGAGE AMOUNTS
* Overall average mortgage amount required was £126,434 a 65% loan to value (LTV)
* FTB's were looking for an average mortgage amount of £123,518 a 76% LTV
* Those users seeking to remortgage their property required an average mortgage amount of £113,676 a 49% LTV
SALARIES
* The overall average salary of the main income earner was £39,800
* An average FTB's salary was £33,784
* Those users looking to remortgage had a main income of £43,758
* A typical salary for an existing homeowner looking to move was £43,402
* For two income households, the second wage averaged out at £21,381 for FTB's; £21,553 for users looking to remortgage; and £24,143 for purchasers
Archive research reports can be found at http://www.moneynet.co.uk/about_us/mrtg_research1.shtml
Launched in 1997, www.moneynet.co.uk was the first UK web site to publish a comprehensive, independent and clear overview of the products available in the personal finance sector. The site gives consumers the freedom to compare products, such as mortgages, loans, credit cards and insurance, and apply for those best suited to their needs.
